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RH Holding On To Substantial Gain In Late-Day Trading

After gapping open sharply higher, shares of RH (RH) continue to see substantial strength in late-day trading on Tuesday. RH is currently up by 32.3 percent after reaching a record intraday high.

The rally by RH comes after the home furnishings company reported better than expected fiscal first quarter earnings and provided upbeat guidance for the current quarter.

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